How to Build a Strong Business Case for Your Investment in Supply Chain Technology
Key Takeaways
⇨ Reduced Operating Costs: Implementing advanced supply chain technology can significantly reduce inventory carrying costs and minimize service interruptions, leading to tangible financial savings.
⇨ Enhanced Decision Making: Improved supply chain tools facilitate faster and more informed decision-making, enhancing operational efficiency and employee satisfaction.
⇨ Customer Fulfillment and Risk Mitigation: Optimized demand planning and inventory management help meet customer expectations, reduce stock-outs, and avoid excess inventory, ensuring better customer retention and resource allocation.
Supply chain planning professionals know that better tools are needed beyond standard ERP to improve performance without adding people. However, the path to deciding and investing in new software tools is more complex and scrutinized than ever.
Gone are the days when CIO’s had full control of IT expenditures. Today, even small investments require full consensus among all business and IT stakeholders, along with a business case – a strong business case.
How do you get started?
Supply chain technology projects are as much about business process and organizational readiness as they are about technology. Lack of a clearly defined supply chain vision and roadmap leads organizations to an inability to justify technology investments to support their ongoing process and long-term needs.
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